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McEwen's foxy $40.5M financing

McEwen Mining (US:MUX) says it has secured an underwritten agreement for US$40.5 million to fund its acquisition of the Black Fox complex and Grey Fox exploration property, as it expands its gold resources in Canada’s Timmins region.

McEwen's foxy $40.5M financing McEwen's foxy $40.5M financing McEwen's foxy $40.5M financing McEwen's foxy $40.5M financing McEwen's foxy $40.5M financing

McEwen has added a producing asset to its portfolio with the Black Fox complex in Timmins

McEwen announced the $35 million Black Fox gold mine acquisition last month from embattled Primero Mining (US:PPP), which will use the proceeds to reduce its debt position.